Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.020%

Price spread now: KuCoin against Lighter RH−0.030%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$200.204% of the position

Long on Lighter RH Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 7 days+0.011%+$1 · spread now −0.030%, 7d avg −0.015%

Together, before fees+0.075%+ Points / potential airdropLighter RH: Points live · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAG	66.330	0.0032	pay 0.0004% / 1h	21m 51s	$4.8M	$9.5M	25x
Short	KuCoin XAGUSDTM	66.310	0.0100	get 0.0050% / 4h	1h 21m	$24.5M	$4.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Lighter RH. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Lighter RHbpFee KuCoinbpOrdersPrice spread, now −0.030%Rate

Funding earned: $14.28
Price spread: −0.030% → −0.015%: −$1.5
Slippage, 4 orders: −$8.44
Fee Lighter RH: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$7.67
Costs to cover: 0.204%
Break-even: 10.8 days

Slippage from Lighter RH: live order book, 2 min ago; KuCoin: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter RH live order book, 2 min ago	1.61 bp	1.6 bp −$2	2.5 bp −$25	21.9 bp −$2,190	doesn't fit
Sell KuCoin live order book, 7 min ago	0.75 bp	8.3 bp −$8	14.4 bp −$144	doesn't fit	doesn't fit

XAG on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XAG-USD	0.0000%	1h	66.329	−0.001%	$15K	—	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.338	+0.013%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.370	+0.061%	$150.3M	$164.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.340	+0.016%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.380	+0.076%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.350	+0.031%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.270	−0.090%	$121K	—	250x	as long as short
Lighter RH XAGlong	+0.0032%	1h	66.330	long leg	$4.8M	$9.5M	25x
Extended XAG-USD	+0.0032%	1h	66.288	−0.062%	$5.3M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.106%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.290	−0.060%	$797K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.804	+0.715%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.329	−0.001%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.268	−0.093%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.230	−0.150%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.350	+0.031%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0065%	24h	66.330	0.000%	$537K	$24.6M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.308	−0.033%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0097%	1h	66.314	−0.024%	$166.1M	$73.5M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.330	0.000%	$472K	$610K	10x	as long as short
KuCoin XAGUSDTMshort	+0.0100%	4h	66.310	−0.030%	$24.5M	$4.5M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	66.320	−0.015%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0133%	8h	66.373	+0.066%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0135%	4h	66.350	+0.031%	$2.7M	$877K	100x	as long as short
Bybit XAGUSDT	+0.0150%	4h	66.380	+0.076%	$26.9M	$36.1M	150x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.343	+0.020%	$48K	—	10x	as long as short
BloFin XAG-USDT	+0.0181%	4h	66.340	+0.016%	$2.6M	$553K	100x	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.385	+0.084%	$1.3M	$4.5M	20x	as long as short
Variational Omni XAG	+0.0184%	4h	66.321	−0.013%	$5.6M	$9.8M	—	as long as short
Lighter XAG	+0.0192%	1h	66.333	+0.005%	$5.3M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.031%	$1.9M	$995K	20x	as long as short
MEXC SILVER_USDT	+0.0194%	4h	66.350	+0.031%	$106.0M	$153.7M	1000x	as long as short
Binance XAGUSDT	+0.0196%	4h	66.364	+0.051%	$192.2M	$705.5M	100x	as long as short
Nado XAG-PERP	+0.0212%	1h	66.343	+0.020%	$1.3M	$6.6M	10x	as long as short
edgeX XAGUSDC	+0.0215%	4h	66.339	+0.014%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	66.360	+0.046%	$27.7M	$65.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0232%	1h	66.307	−0.035%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0246%	4h	66.360	+0.046%	$23.8M	$45.8M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0268%	4h	66.347	+0.026%	$402K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.300	−0.045%	$20K	$19K	10x	as long as short
Bullet SILVER-USD	+0.0278%	1h	66.354	+0.037%	$46K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0352% / S −0.0374%	1h	66.345	+0.023%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.320	−0.015%	$50K	$322K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.322	−0.012%	$915K	$671K	25x	as long as short